Thu, 13 February 2020
Actually it doesn't and its recent parabolic rise is cause for concern because it's an analog to the broader markets. While Tesla is a ground-breaking innovative company, it's shares are certainly speculative, bordering on compulsive gambler territory. How many record stock market closes can there be? The tree does not grow to the sky and Bitcoin still have yet to reach infinity, with Tesla following closely behind. Debt fueled markets reach levels at which they cannot go higher and, in fact must decline. We've been having this conversation for years, but that day keeps getting closer and closer. Better to sacrifice a little bit on the upside to keep your capital in tact. |
